Mathematics for Social Science - Probability (FHMM1214)

Flashcards created for key vocabulary and definitions related to probability concepts covered in the lecture.

Probability

A numerical measure of the likelihood that a specified event will occur.

Sample Space

A collection of all outcomes for an experiment.

Counting Rule

Allows for the calculation of the number of ways to arrange or select objects.

Permutation

An arrangement of objects in a specific order without repetition.

Combination

A selection of objects without regard to the order of selection.

Mutually Exclusive Events

Events that cannot occur together.

Complementary Events

Events that include all outcomes for an experiment that are not in the event.

Marginal Probability

The probability of a single event without consideration of any other event.

Conditional Probability

The probability that an event will occur given that another event has already occurred.

Independent Events

Two events where the occurrence of one does not affect the probability of the occurrence of the other.

Dependent Events

Events where the occurrence of one affects the probability of the occurrence of the other.

Venn Diagram

A diagram that shows all possible logical relations between different sets.

Tree Diagram

A diagram that represents all possible outcomes of an event.

Addition Rule

The probability of the union of two events A and B.

Intersection of Events

All outcomes that are common to both events.

Simple Event

An event that includes one and only one of the outcomes for an experiment.

Compound Event

An event that includes more than one outcome for an experiment.